A Firm Experiences ________ When Its ________ as Output Increases

question 47

Multiple Choice

A firm experiences ________ when its ________ as output increases.

• A)economies of scale;long-run average cost curve slopes downward
• B)diseconomies of scale;average total cost curve slopes downward
• C)economies of scale;long-run average cost curve shifts upward
• D)diminishing marginal returns;average total cost curve shifts upward
• E)constant returns to scale;long-run average cost curve shifts upward

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Definitions:

Treatment Plan

A structured outline developed by healthcare professionals describing the course of therapy or medical intervention designed to address a patient's condition.

Family Therapy

A form of psychotherapy that aims to address psychological problems and promote health within the context of the family unit.

Systems Approach

A holistic way of solving problems by viewing systems as part of a larger context.

Therapeutic Goal

A desired outcome or objective aimed to be achieved through therapy or treatment in the healthcare field.